Quote:Articles I've seen have calculated average yearly tuition in the US as about $29K, and have also calculated average student debt as about $29K. How is this possible? It seems to imply students pay for three of the four years (or three quarters of each year) out of their own pockets or their parents' pockets. Are students or their parents really coming up with over $21K per year without borrowing?
Without knowing more it is hard to say for sure. I imagine it has to do with averages, assistance other than loans and so on and so forth. Many people do pay off as they go as well. Either the parents help out a bit or the student works side jobs at school Hardly enough to come near the final number but it makes a difference.
I would have to look at some of the things to get an idea. I have heard higher numbers er student for debt too.
I think that average is per borrower. You have to figure that most who get loans are not getting loans for the entire cost of tuition.